SatixFy is a vertically integrated fabless semiconductor chip company providing products based on in-house developed chips across the entire satellite communications value chain
SatixFy customers include a list of significant players in the satellite telecom industry, such as Telesat, OneWeb, Airbus and others.
This transaction along with a recently completed capital raise will result in up to $350 million in gross proceeds assuming no trust redemptions, including a $29 million PIPE with participation from key institutional investors including Sensegain Group and Antarctica Capital, and a Committed Equity Facility of up to $75 million from CF Principal Investments LLC, an affiliate of Cantor Fitzgerald. In addition, the Company recently closed on an additional financial commitment of $55 million from Francisco Partners.
Transaction implies a pro forma implied equity value of the combined company at approximately $813 million.
Investor call is available at
Transaction Overview
The transaction has been unanimously approved by the Board of Directors of Endurance, as well as the Board of Directors of SatixFy, and is subject to the satisfaction of customary closing conditions, including the approval of the stockholders of Endurance.
The combined entity will receive approximately $201 million from Endurance's trust account, assuming no redemptions by Endurance's public stockholders, as well as $29 million in gross proceeds from institutional investors participating in the transaction via a committed private placement investment ("PIPE") including Sensegain Group and Antarctica Capital. Sensegain Group is a global investor focusing on value investments in TMT, Healthcare, and Advanced Manufacturing sectors, with portfolio companies including Palantir, eToro, and Synaptive. In addition, the Company has received a Committed Equity Facility of $75 million from CF Principal Investments LLC an affiliate of Cantor Fitzgerald. Prior to the announcement of the transaction, SatixFy received $55 million from Francisco Partners, in the form of a secured term loan.
Additional information about the proposed transaction, including a copy of the business combination agreement and investor presentation, will be provided in Endurance's Current Report on Form 8-K and in SatixFy's registration statement on Form F-4 which will include a document that serves as a proxy statement of Endurance, referred to as a proxy statement/prospectus, each of which will be filed with the Securities and Exchange Commission ("SEC") and available at www.sec.gov.
SatixFyは垂直に集積された無工場半導体チップ会社であり、衛星通信バリューチェーン全体に基づく内部開発チップの製品を提供する
SatixFyの顧客は、Telesat、OneWeb、エアバス、その他の会社のような一連の衛星電気通信業界の重要な参加者を含む。
この取引および最近完了した融資は、SenSegain Groupと南極大陸資本を含む主要機関投資家が参加し、Cantor Fitzgeraldの付属会社CF主体投資有限責任会社から7500万ドルまでの約束持分融資を含む3億5千万ドルの総収益をもたらす。さらに、同社は最近Francisco Partnersから5500万ドルの追加財政的約束を完了した。
この取引は合併後の会社の形式の隠れた株式価値が約8.13億ドルであることを意味する。
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取引概要
この取引はすでに持久力取締役会及びSatixFy取締役会の一致承認を得ており、持久力株主の承認を含む慣用的な成約条件を満たさなければならない。
持久力の公衆株主が償還されていないと仮定すると、合併後の実体は持久力の信託口座から約2.01億ドルと、SenSegain Groupや南極大陸資本を含む承諾私募投資(“PIPE”)で取引に参加した機関投資家から2900万ドルの毛収入を得ることになる。SenSegain Groupは世界的な投資家で、TMT、医療、先進製造業界の価値投資に集中しており、ポートフォリオ会社にはPalantir、eToro、Synaptiveが含まれている。また、同社はカントー·フィッツジェラルドの付属会社CF主要投資有限責任会社から7500万ドルの承諾持分融資を受けた。取引発表の前に、SatixFyはFrancisco Partnersから定期融資を保証する形で5500万ドルを獲得した。
取引の提案に関するより多くの情報は、業務合併協定および投資家紹介のコピーを含み、持久力会社の現在の8-KレポートおよびSatixFyのF-4フォーム登録声明に提供され、持久力会社の委託声明として委託書/募集説明書と呼ばれる文書が含まれ、各文書は証券取引委員会(“米国証券取引委員会”)に提出され、www.sec.govで閲覧することができる。